Announcement • Jul 16
Upside Gold Corp Commences 2026 Drill Program at Kena Gold-Copper Project Upside Gold Corp. announced that its 2026 drill program at the Kena Gold-Copper Project in southeastern British Columbia has commenced, with crews and equipment mobilized and actively diamond drilling on site. The fully funded program will focus on priority targets identified through the Company's technical review, which integrated historical drilling and geological, geochemical and geophysical data into a refined exploration model. The program is designed to evaluate extensions of known resource, test new target areas, and support future mineralized zone growth. Initial drilling is focused on testing extensions of known mineralization within and adjacent to the historical gold resource, where the Company believes there is strong potential to expand its size along strike and at depth. Additional drilling will also evaluate several high-priority regional targets identified through the Company’s recent compilation work. The Company expects to provide regular updates throughout the drill program, including significant assay results as they become available. The Kena Project hosts a historical gold resource comprising an originally filed Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold, and an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold. The historical resource estimate is disclosed in the technical report entitled “NI 43-101 Resource Estimate for the Kena and Daylight Properties” prepared by Sue Bird, P.Eng. of Moose Mountain Technical Services, dated May 3, 2021, and filed on SEDAR on behalf of West Mining Corp. A Qualified Person, as defined by National Instrument 43-101, has not done sufficient work to classify the historical estimate as current mineral resources, and Upside Gold Corp. is not treating the historical estimate as current mineral resources. The historical estimate is provided for information purposes only and should not be relied upon. To upgrade the historical estimate as current mineral resource additional drilling needs to be completed. The historical estimate uses the categories set out in section 1.2 of the NI-43-101. The parameters and assumptions used are outlined in Bird 2021 and are provided as follows: Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Mineral Resource has been confined by a “reasonable prospects of eventual economic extraction” pit using the following assumptions: USD 2,000/oz. Au at a currency exchange rate of 0.77 USD per $CDN; 99.95% payable Au; $4.30/oz Au offsite costs (refining, transport and insurance); a 3% NSR royalty; and uses a 88% metallurgical recovery for gold. Pit slope angles are assumed at 45º. The specific gravity of the deposit has been assigned as 2.8 based on sg measurements in the Kena deposit. Announcement • Jun 15
Upside Gold Corp. Provides Operational Update And Advances Technical Strategy At The Kena Gold-Copper Project Upside Gold Corp. completed a comprehensive compilation and interpretation program integrating historical drilling, geological, geochemical, and geophysical datasets across the Kena Project. This work produced an updated digital 3D geological exploration model and identified multiple priority drill targets guiding the 2026 and 2027 exploration programs. The Company is advancing a multi-faceted strategy to support an updated NI 43-101 mineral resource estimate targeted for 2027. Key components include: Incorporation of approximately 5,000 metres of historical drilling completed subsequent to the 2021 historical mineral resource estimate. A planned 2026 diamond drill program of approximately 4,000 metres commencing June 2026, combining step-out and target development drilling focused on near-resource mineralization and emerging copper-gold targets. Assessment of historic copper and silver analyses not captured in the existing gold-only resource estimate, including metallurgical studies to evaluate its potential contribution across the broader Kena system. Continued exploration beyond the current resource footprint, including additional targets identified through the Company's district-scale geological model. The Kena Project hosts a historical gold resource comprising an Indicated Mineral Resource of 32,146,000 tonnes at an average grade of 0.544 g/t Au for 0.561 million ounces of gold, and an Inferred Mineral Resource of 177,507,000 tonnes at an average grade of 0.486 g/t Au for 2.77 million ounces of gold. The historical resource estimate is disclosed in the technical report entitled “NI 43-101 Resource Estimate for the Kena and Daylight Properties” prepared by Sue Bird, P.Eng. of Moose Mountain Technical Services, dated May 3, 2021, and filed on SEDAR on behalf of West Mining Corp. A Qualified Person, as defined by National Instrument 43-101, has not done sufficient work to classify the historical estimate as current mineral resources, and Upside Gold Corp. is not treating the historical estimate as current mineral resources. The historical estimate is provided for information purposes only and should not be relied upon. To upgrade the historical estimate as current mineral resource additional drilling needs to be completed. The historical estimate uses the categories set out in section 1.2 of the NI-43-101. The parameters and assumptions used are outlined in Bird 2021 and are provided as follows: Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.